Is Cleantech About to Boom?

Despite economy-wide meltdown in 2008, public and private investment is returning strongly to the cleantech sector.

For the first time, cleantech is the top category in U.S. venture capital (VC) investment, moving ahead of biotech and software, according to a 3Q report from the Cleantech group.

An Asscociated Press piece asks whether or not cleantech is on the verge of a boom, noting that other economic booms establised their roots during recessions. Industry watchers also are drawing comparisons to the dot-com boom, when venture capital poured into technology startups.

"Ultimately IBM and AT&T didn’t build the Internet. It was built by Silicon Valley startups," Bob Metcalfe, an Internet pioneer who now invests in energy projects with Polaris Venture Partners, told the AP. "And energy is going to be solved by entrepreneurial activity."

Read "Cleantech: The Next Big Thing?" at the link below.